Wallace Weitz buys Apollo Group Inc., Strayer Education Inc., sells Avon Products Inc., Bed Bath & Beyond Inc., DR PEPPER SNAPPLE GP, HSN, INC., Legg Mason Inc., Level 3 Communications Inc., TREE.COM, INC., UNITED STATES OIL FUND, LP during the 3-months ended 06/30/2009, according to the most recent filings of his investment company, Weitz Wallace R & Co. Wallace Weitz owns 58 stocks with a total value of $1.5 billion. These are the details of the buys and sells.
New Purchases: APOL, STRA,
Added Positions: ACIW, COP, CSTR, DEO, DVN, EXBD, KNOT, LBTYK, LINTA, PG, POT, XTO, INS,
Reduced Positions: CAB, LMDIA, LOW, MHK, NCT, USG, WLP,
Sold Out: AVP, BBBY, DPS, HSNI, LM, LVLT, TREE, USO,
For the details of Wallace Weitz's stock buys and sells, go to the Link Here
This is the sector weightings of Wallace Weitz's portfolio:
These are the top 5 holdings of Wallace Weitz
- Berkshire Hathaway Inc. (BRK-B) - 57,607 shares, 10.85% of the total portfolio
- Redwood Trust Inc. (RWT) - 6,270,955 shares, 6.02% of the total portfolio
- WellPoint Inc. (WLP) - 1,627,130 shares, 5.38% of the total portfolio
- TEL AND DATA SYS (TDS-S) - 2,693,105 shares, 4.55% of the total portfolio
- Dell Inc. (DELL) - 5,016,679 shares, 4.48% of the total portfolio
Wallace Weitz added to his holdings in The Procter & Gamble Company by 250%. His purchase prices were between $48.38 and $52.76, with an estimated average price of $50.8. The impact to his portfolio due to this purchase was 0.41%. His holdings were 175,000 shares as of 06/30/2009.
The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. Products fall into five business segments: fabric and home care paper beauty care health care and food and beverage. Today P&G markets more than 250 products to more than five billion consumers in 130 countries. The Procter & Gamble Company has a market cap of $161.65 billion; its shares were traded at around $55.46 with a P/E ratio of 15.4 and P/S ratio of 1.9. The dividend yield of The Procter & Gamble Company stocks is 3.2%. The Procter & Gamble Company had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 3-star.
Added: Coinstar Inc. (CSTR)
Wallace Weitz added to his holdings in Coinstar Inc. by 20.73%. His purchase prices were between $25.65 and $35.82, with an estimated average price of $30.7. The impact to his portfolio due to this purchase was 0.27%. His holdings were 893,660 shares as of 06/30/2009.
Coinstar Inc. operate a national network of self-service coin-counting machines in the U.S. the U.K. and Canada. The company's Coinstar coin-counting units provide consumers with a fun accurate and convenient means of converting accumulated change into cash. The Coinstar unit which is about the size of an ATM is highly accurate durable easy to use and easy to service. It accepts consumers' loose change and then prints out a voucher listing the total number by denomination and dollar value of the processed coins less our processing fee. Coinstar Inc. has a market cap of $1.04 billion; its shares were traded at around $34.55 with a P/E ratio of 54.9 and P/S ratio of 1.1. Coinstar Inc. had an annual average earning growth of 11.1% over the past 5 years.
Added: DIAGEO plc (DEO)
Wallace Weitz added to his holdings in DIAGEO plc by 118.18%. His purchase prices were between $45.54 and $58.3, with an estimated average price of $52.4. The impact to his portfolio due to this purchase was 0.24%. His holdings were 120,000 shares as of 06/30/2009.
Diageo is an multinational branded food and drinks company. Diageo has an outstanding portfolio of world-famous food and drinks brands include Smirnoff Johnnie Walker J&B Gordon's Malibu Baileys Guinness and Tanqueray. DIAGEO plc has a market cap of $39.34 billion; its shares were traded at around $62.96 with and P/S ratio of 2.4. The dividend yield of DIAGEO plc stocks is 3.6%. DIAGEO plc had an annual average earning growth of 12.1% over the past 10 years.
Added: XTO Energy Inc. (XTO)
Wallace Weitz added to his holdings in XTO Energy Inc. by 23.26%. His purchase prices were between $33.1 and $44.13, with an estimated average price of $38.8. The impact to his portfolio due to this purchase was 0.23%. His holdings were 498,340 shares as of 06/30/2009.
XTO Energy Inc. is engaged in the acquisition development exploitation and exploration of producing oil and gas properties and in the production processing marketing and transportation of oil and natural gas. The company has grown primarily through acquisitions of proved oil and gas reserves followed by development and exploitation activities and strategic acquisitions of additional interests in or near such acquired properties. XTO Energy Inc. has a market cap of $24.7 billion; its shares were traded at around $42.6 with a P/E ratio of 11.7 and P/S ratio of 3.2. The dividend yield of XTO Energy Inc. stocks is 1.2%. XTO Energy Inc. had an annual average earning growth of 36.6% over the past 10 years. GuruFocus rated XTO Energy Inc. the business predictability rank of 5-star.
Added: ConocoPhillips (COP)
Wallace Weitz added to his holdings in ConocoPhillips by 22.18%. His purchase prices were between $39.35 and $45.95, with an estimated average price of $42.6. The impact to his portfolio due to this purchase was 0.22%. His holdings were 435,800 shares as of 06/30/2009.
ConocoPhillips is a major international integrated energy company with operations in some 49 countries. ConocoPhillips has a market cap of $66.45 billion; its shares were traded at around $44.85 with a P/E ratio of 7.4 and P/S ratio of 0.3. The dividend yield of ConocoPhillips stocks is 4.2%. ConocoPhillips had an annual average earning growth of 19% over the past 10 years.
Added: Corporate Executive Board Company (EXBD)
Wallace Weitz added to his holdings in Corporate Executive Board Company by 74.22%. His purchase prices were between $14.19 and $21.29, with an estimated average price of $17.7. The impact to his portfolio due to this purchase was 0.2%. His holdings were 339,210 shares as of 06/30/2009.
Corporate Executive Board provides `best practices` research and analysis focusing on corporate strategy operations and general management issues. Best practices research identifies and analyzes specific management initiatives processes and strategies that have been determined to produce the best results in solving common business problems or challenges. The company provides research and analysis on an annual subscription basis to some of the world's largest and most prestigious corporations. Corporate Executive Board Company has a market cap of $754.3 million; its shares were traded at around $22.13 with a P/E ratio of 11.1 and P/S ratio of 1.3. The dividend yield of Corporate Executive Board Company stocks is 1.8%. Corporate Executive Board Company had an annual average earning growth of 20.4% over the past 5 years.
Added: Liberty Global Inc. Series C (LBTYK)
Wallace Weitz added to his holdings in Liberty Global Inc. Series C by 4.57%. His purchase prices were between $13.4 and $17.76, with an estimated average price of $15.5. The impact to his portfolio due to this purchase was 0.19%. His holdings were 4,131,023 shares as of 06/30/2009.
Liberty Global Inc. Series C has a market cap of $27.4 billion; its shares were traded at around $21.36 .
Added: Potash Corp. of Saskatchewan Inc. (POT)
Wallace Weitz added to his holdings in Potash Corp. of Saskatchewan Inc. by 3527.38%. His purchase prices were between $83.91 and $115.87, with an estimated average price of $99.5. The impact to his portfolio due to this purchase was 0.18%. His holdings were 30,470 shares as of 06/30/2009.
Potash Corporation of Saskatchewan Inc. is the world's largest potash company the third largest phoshate producer and the second largest nitrogen producer in the world. Behind its growing success lies a vital infrastructure: knowledgeable PCS Sales staff throughout Canada and the United States a transportation network that includes truck train barge lake ship and ocean vessel and warehouses strategically located in major consuming areas. Potash Corp. of Saskatchewan Inc. has a market cap of $28.25 billion; its shares were traded at around $95.63 with a P/E ratio of 11.8 and P/S ratio of 3. The dividend yield of Potash Corp. of Saskatchewan Inc. stocks is 0.4%. Potash Corp. of Saskatchewan Inc. had an annual average earning growth of 12.6% over the past 10 years.
Added: Liberty Media Corp. Interactive Common S (LINTA)
Wallace Weitz added to his holdings in Liberty Media Corp. Interactive Common S by 4.99%. His purchase prices were between $3.74 and $6.97, with an estimated average price of $5.5. The impact to his portfolio due to this purchase was 0.17%. His holdings were 11,232,100 shares as of 06/30/2009.
Liberty Media Corporation owns a broad range of electronic retailing media communications and entertainment businesses and investments. Its businesses include some of the world's most recognized and respected brands and companies including QVC Encore Starz IAC/InterActiveCorp Expedia and News Corporation. Liberty Media Corp. Interactive Common S has a market cap of $4.01 billion; its shares were traded at around $7.08 with and P/S ratio of 0.4. Liberty Media Corp. Interactive Common S had an annual average earning growth of 20.8% over the past 5 years.
Added: ACI Worldwide Inc. (ACIW)
Wallace Weitz added to his holdings in ACI Worldwide Inc. by 25.14%. His purchase prices were between $13.8 and $20.32, with an estimated average price of $15.9. The impact to his portfolio due to this purchase was 0.07%. His holdings were 397,315 shares as of 06/30/2009.
Transaction Systems Architects Inc. develops markets installs and supports a broad line of software products and services primarily focused on facilitating electronic payments and electronic commerce. The Company's products are organized into four lines-of-business groups: Consumer Banking Corporate Banking Retail Solutions and System Solutions. ACI Worldwide Inc. has a market cap of $531.4 million; its shares were traded at around $15.17 with a P/E ratio of 29.2 and P/S ratio of 1.3.
Added: Devon Energy Corp. (DVN)
Wallace Weitz added to his holdings in Devon Energy Corp. by 25%. His purchase prices were between $48.79 and $65.53, with an estimated average price of $58.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 3,500 shares as of 06/30/2009.
Devon Energy Corporation is an independent energy company engaged primarily in oil and gas exploration development and production and in the acquisition of producing properties. Devon currently owns oil and gas properties concentrated in four operating divisions: the Northern Division; the Southern Division; Canada; and the International Division. Devon Energy Corp. has a market cap of $27.18 billion; its shares were traded at around $61.23 with a P/E ratio of 8 and P/S ratio of 1.8. The dividend yield of Devon Energy Corp. stocks is 1.1%. Devon Energy Corp. had an annual average earning growth of 18.1% over the past 10 years. GuruFocus rated Devon Energy Corp. the business predictability rank of 4.5-star.
Added: Knot Inc. (KNOT)
Wallace Weitz added to his holdings in Knot Inc. by 48.2%. His purchase prices were between $7.84 and $9.44, with an estimated average price of $8.3. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 12,484 shares as of 06/30/2009.
The Knot Inc. is a leading lifestage media and services company. The Company's flagship brand The Knot is the nation's leading wedding resource that reaches over one million engaged couples each year through the Web newsstands bookstores national television & more. Its award-winning website TheKnot.com is the most-trafficked online wedding destination. The Company also offers a diverse collection of print publications including national and regional editions of The Knot weddings magazine a book trilogy with Broadway Books and two gift book series. The Company also produces a TV series on The Oxygen Network a Video On Demand service for Comcast Cable and has content distribution partnerships with MSN and Comcast. The Knot Inc. has recently launched several brands targeted before and beyond the wedding day including teen-oriented PromSpot.com newlywed site TheNest.com and online personal site GreatBoyfriends.com. The Knot Inc. is based in New York and has several Knot Inc. has a market cap of $299.5 million; its shares were traded at around $8.88 with a P/E ratio of 63.4 and P/S ratio of 2.9. Knot Inc. had an annual average earning growth of 77.3% over the past 5 years.
New Purchase: Apollo Group Inc. (APOL)
Wallace Weitz initiated holdings in Apollo Group Inc.. His purchase prices were between $57.07 and $68.5, with an estimated average price of $62.6. The impact to his portfolio due to this purchase was 0.64%. His holdings were 138,110 shares as of 06/30/2009.
Apollo Group Inc. has been providing higher education to working adults for over 25 years. They operate through their subsidiaries the University of Phoenix Inc. the Institute for Professional Development the College for Financial Planning Institutes Corporation Western International University Inc. and Apollo Learning Group Inc. Apollo Group Inc. has a market cap of $11.42 billion; its shares were traded at around $71.22 with a P/E ratio of 18.2 and P/S ratio of 3.7. Apollo Group Inc. had an annual average earning growth of 29.1% over the past 10 years. GuruFocus rated Apollo Group Inc. the business predictability rank of 4-star.
New Purchase: Strayer Education Inc. (STRA)
Wallace Weitz initiated holdings in Strayer Education Inc.. His purchase prices were between $163.92 and $214.68, with an estimated average price of $190.8. The impact to his portfolio due to this purchase was 0.09%. His holdings were 6,000 shares as of 06/30/2009.
STRAYER EDUCATION INC. The College is a regional proprietary institution of higher education offering undergraduate and graduate degree programs to more than 7000 students at eight campuses in Washington D.C. and Northern Virginia. Strayer Education Inc. has a market cap of $3.05 billion; its shares were traded at around $217.39 with a P/E ratio of 32.8 and P/S ratio of 7.7. The dividend yield of Strayer Education Inc. stocks is 0.9%. Strayer Education Inc. had an annual average earning growth of 19% over the past 10 years. GuruFocus rated Strayer Education Inc. the business predictability rank of 3-star.
Reduced: Newcastle Investment Corp. (NCT)
Wallace Weitz reduced to his holdings in Newcastle Investment Corp. by 98.12%. His sale prices were between $0.58 and $1.23, with an estimated average price of $0.8. The impact to his portfolio due to this sale was less than 0.01%. Wallace Weitz still held 45,000 shares as of 06/30/2009.
Newcastle Investment Corp invests in real estate securities and other real estate-related assets. Newcastle is organized and conducts its operations to qualify as a real estate investment trust for federal income tax purposes. Newcastle Investment Corp. has a market cap of $37.4 million; its shares were traded at around $0.71 with a P/E ratio of 2.5 and P/S ratio of 0.1. Newcastle Investment Corp. had an annual average earning growth of 25.7% over the past 5 years.
Reduced: USG Corp. (USG)
Wallace Weitz reduced to his holdings in USG Corp. by 39.91%. His sale prices were between $9.74 and $17.06, with an estimated average price of $12.2. The impact to his portfolio due to this sale was -0.28%. Wallace Weitz still held 1,065,400 shares as of 06/30/2009.
USG Corp. through its subsidiaries is a leading manufacturer and distributor of building materials producing a wide range of products for use in new residential new nonresidential and repair and remodel construction as well as products used in certain industrial processes. USG's operations are organized into three operating segments: North American Gypsum Worldwide Ceilings and Building Products Distribution. USG Corp. has a market cap of $1.47 billion; its shares were traded at around $14.85 with and P/S ratio of 0.3.
Reduced: Mohawk Industries Inc. (MHK)
Wallace Weitz reduced to his holdings in Mohawk Industries Inc. by 28.01%. His sale prices were between $32.72 and $49, with an estimated average price of $40. The impact to his portfolio due to this sale was -0.34%. Wallace Weitz still held 524,302 shares as of 06/30/2009.
Mohawk Industries Inc. is one of the leading producers of woven and tufted broadloom carpet and rugs for principally residential applications.The company designs manufactures and markets carpet and rugs in a broad range of colors textures and patterns. The company is widely recognized through its premier brand names some of which are Mohawk Aladdin American Rug Craftsmen American Weavers Bigelow and Custom Weave. Mohawk Industries Inc. has a market cap of $3.44 billion; its shares were traded at around $50.25 with a P/E ratio of 85.2 and P/S ratio of 0.5. Mohawk Industries Inc. had an annual average earning growth of 13.5% over the past 10 years. GuruFocus rated Mohawk Industries Inc. the business predictability rank of 4.5-star.
Reduced: Lowe's Companies Inc. (LOW)
Wallace Weitz reduced to his holdings in Lowe's Companies Inc. by 35.88%. His sale prices were between $18.37 and $20.99, with an estimated average price of $19.7. The impact to his portfolio due to this sale was -0.66%. Wallace Weitz still held 1,469,100 shares as of 06/30/2009.
Lowe's Companies Inc. is a retailer of home improvement products in the world with specific emphasis on retail do-it-yourself and commercial business customers. Lowe's specializes in offering products and services for home improvement home decor home maintenance home repair and remodeling and maintenance of commercial buildings. Lowe's principal customer groups are do-it-yourself retail customers and commercial business customers. Lowe's Companies Inc. has a market cap of $33.38 billion; its shares were traded at around $22.61 with a P/E ratio of 16.1 and P/S ratio of 0.7. The dividend yield of Lowe's Companies Inc. stocks is 1.6%. Lowe's Companies Inc. had an annual average earning growth of 21.4% over the past 10 years. GuruFocus rated Lowe's Companies Inc. the business predictability rank of 5-star.
Reduced: Cabela's Inc. (CAB)
Wallace Weitz reduced to his holdings in Cabela's Inc. by 42.52%. His sale prices were between $10.64 and $13.43, with an estimated average price of $12.3. The impact to his portfolio due to this sale was -0.69%. Wallace Weitz still held 2,027,400 shares as of 06/30/2009.
Cabelas Inc is the nation's largest direct marketer and a leading specialty retailer of hunting fishing camping and related outdoor merchandise. Cabela's Inc. has a market cap of $1.07 billion; its shares were traded at around $16.02 with a P/E ratio of 14.2 and P/S ratio of 0.4.
Reduced: LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER (LMDIA)
Wallace Weitz reduced to his holdings in LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER by 25.54%. His sale prices were between $22.11 and $26.34, with an estimated average price of $24.4. The impact to his portfolio due to this sale was -0.92%. Wallace Weitz still held 2,070,100 shares as of 06/30/2009.
Liberty Media Corporation is a holding company which through its subsidiaries owns interests in a broad range of electronic retailing media communications and entertainment businesses. Those interests are attributed to three tracking stock groups: (1) the Liberty Interactive group which includes Liberty's interests in QVC Provide Commerce Backcountry.com BUYSEASONS Bodybuilding.com IAC/InterActiveCorp and Expedia (2) the Liberty Entertainment group which includes Liberty's interests in The DIRECTV Group Inc. Starz Entertainment FUN Technologies Inc. GSN LLC WildBlue Communications Inc. and Liberty Sports Holdings LLC and (3) the Liberty Capital group which includes all businesses assets and liabilities not attributed to the Interactive group or the Entertainment group including its subsidiaries Starz Media LLC Atlanta National League Baseball Club Inc. and TruePosition Inc. and minority equity investments in Time Warner Inc. and Sprint Nextel Co LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER has a market cap of $13.98 billion; its shares were traded at around $28.27 .
Reduced: WellPoint Inc. (WLP)
Wallace Weitz reduced to his holdings in WellPoint Inc. by 22.06%. His sale prices were between $40.34 and $51.34, with an estimated average price of $45.8. The impact to his portfolio due to this sale was -1.19%. Wallace Weitz still held 1,627,130 shares as of 06/30/2009.
WellPoint Inc. is the largest publicly traded commercial health benefits company in terms of membership in the United States. WellPoint Inc. is an independent licensee of the Blue Cross and Blue Shield Association and serves its members as the Blue Cross licensee for California; the Blue Cross and Blue Shield licensee for Colorado Connecticut Georgia Indiana Kentucky Maine Missouri Nevada New Hampshire Ohio Virginia (excluding the Northern Virginia suburbs of Washington D.C.) Wisconsin; and through HealthLink and UniCare. WellPoint Inc. has a market cap of $25.28 billion; its shares were traded at around $52.16 with a P/E ratio of 8.7 and P/S ratio of 0.4. WellPoint Inc. had an annual average earning growth of 20.8% over the past 5 years.
Sold Out: TREE.COM, INC. (TREE)
Wallace Weitz sold out his holdings in TREE.COM, INC.. His sale prices were between $5.51 and $12.2, with an estimated average price of $9.3. The impact to his portfolio due to this sale was less than 0.01%.
TREE.COM INC. is the parent of several well-known brands and businesses in the financial services and real estate industries including LendingTree LendingTree Loans(sm) GetSmart.com HomeLoanCenter.com RealEstate.com iNest.com RealEstate.com REALTORS(r) and Domania.com. Together they serve as an indispensable ally for consumers who are looking to comparison shop loans real estate and other financial products from multiple businesses and professionals who compete for their business. As an independent company Tree.com will explore new areas where a competitive marketplace model empowers consumers and provides choices when making key life decisions. TREE.COM, INC. has a market cap of $103.4 million; its shares were traded at around $9.58 with and P/S ratio of 0.5.
Sold Out: UNITED STATES OIL FUND, LP (USO)
Wallace Weitz sold out his holdings in UNITED STATES OIL FUND, LP. His sale prices were between $28.9 and $39.43, with an estimated average price of $33.7. The impact to his portfolio due to this sale was less than 0.01%.
UNITED STATES OIL FUND, LP has a market cap of $1.04 billion; its shares were traded at around $37.97 with a P/E ratio of 0.8.
Sold Out: DR PEPPER SNAPPLE GP (DPS)
Wallace Weitz sold out his holdings in DR PEPPER SNAPPLE GP. His sale prices were between $19 and $22.96, with an estimated average price of $21.1. The impact to his portfolio due to this sale was less than 0.01%.
DR PEPPER SNAPPLE Group is one of the largest beverage companies in the Americas. They manufacture market and distribute more than 50 brands of carbonated soft drinks juices ready to drink teas mixers and other premium beverages across the United States Canada Mexico and the Caribbean. DR PEPPER SNAPPLE GP has a market cap of $6.22 billion; its shares were traded at around $24.49 with a P/E ratio of 13.5 and P/S ratio of 1.1.
Sold Out: Level 3 Communications Inc. (LVLT)
Wallace Weitz sold out his holdings in Level 3 Communications Inc.. His sale prices were between $1.04 and $1.54, with an estimated average price of $1.2. The impact to his portfolio due to this sale was less than 0.01%.
Level 3 Communications is an international communications and information services company. The company operates one of the largest Internet backbones in the world is one of the largest providers of wholesale dial-up service to ISPs in North America and is the primary provider of Internet connectivity for millions of broadband subscribers through its cable and DSL partners. The company offers a wide range of communications services over its mile broadband fiber optic network including Internet Protocol services broadband transport and infrastructure services colocation services and patented softswitch managed modem and voice services. Level 3 Communications Inc. has a market cap of $2.07 billion; its shares were traded at around $1.27 with and P/S ratio of 0.5.
Sold Out: Legg Mason Inc. (LM)
Wallace Weitz sold out his holdings in Legg Mason Inc.. His sale prices were between $18.51 and $25.37, with an estimated average price of $21.3. The impact to his portfolio due to this sale was less than 0.01%.
Legg Mason Inc. is a holding company which through its subsidiaries isprincipally engaged in providing asset management securities brokerageinvestment banking and related financial services to individualsinstitutions corporations and municipalities. Legg Mason Inc. has a market cap of $3.95 billion; its shares were traded at around $27.82 with and P/S ratio of 1.2. The dividend yield of Legg Mason Inc. stocks is 0.4%. Legg Mason Inc. had an annual average earning growth of 9.6% over the past 10 years. GuruFocus rated Legg Mason Inc. the business predictability rank of 4.5-star.
Sold Out: Bed Bath & Beyond Inc. (BBBY)
Wallace Weitz sold out his holdings in Bed Bath & Beyond Inc.. His sale prices were between $27.11 and $31.37, with an estimated average price of $29.2. The impact to his portfolio due to this sale was less than 0.01%.
Bed Bath & Beyond is a nationwide operator of `superstores` selling predominantly better quality domestics merchandise and home furnishings typically found in better department stores. The Company offers a wide assortment of merchandise at everyday low prices that are substantiallybelow regular department store prices and generally comparable to or belowdepartment store sale prices. The Company's domestics merchandise line includes items such as bed linens bath accessories and kitchen textiles and the company's home furnishings line. Bed Bath & Beyond Inc. has a market cap of $9.33 billion; its shares were traded at around $35.77 with a P/E ratio of 21.2 and P/S ratio of 1.3. Bed Bath & Beyond Inc. had an annual average earning growth of 24.1% over the past 10 years. GuruFocus rated Bed Bath & Beyond Inc. the business predictability rank of 4-star.
Sold Out: HSN, INC. (HSNI)
Wallace Weitz sold out his holdings in HSN, INC.. His sale prices were between $5.73 and $11.79, with an estimated average price of $9.1. The impact to his portfolio due to this sale was less than 0.01%.
HSNi owns and operates through its subsidiaries HSN a retailer and interactive lifestyle network offering a broad assortment of products through television home shopping programming on the HSN television network and HSN.com. HSN strives to transform the shopping experience by incorporating experts entertainment inspiration solutions tips and ideas in connection with the sale of products through the HSN television network and HSN.com. HSNi also owns and operates through its subsidiaries the Cornerstone Brands portfolio of catalogs and related websites including Frontgate Ballard Designs Garnet Hill Smith+Noble The Territory Ahead TravelSmith and Improvements as well as a limited number of retail stores. HSN, INC. has a market cap of $581.5 million; its shares were traded at around $10.32 with and P/S ratio of 0.2.
Sold Out: Avon Products Inc. (AVP)
Wallace Weitz sold out his holdings in Avon Products Inc.. His sale prices were between $21.88 and $26.72, with an estimated average price of $24.4. The impact to his portfolio due to this sale was less than 0.01%.
Avon Products Inc. is one of the world's leading manufacturers and marketers of beauty and related products which include cosmetics fragrance and toiletries; beauty plus which consists of jewelry and accessories and apparel; and non-core which consists of gift and decorative and home entertainment products. Avon Products Inc. has a market cap of $13.91 billion; its shares were traded at around $32.59 with a P/E ratio of 19.7 and P/S ratio of 1.3. The dividend yield of Avon Products Inc. stocks is 2.6%.
Added: Intelligent Systems Corp (INS)
Wallace Weitz added to his holdings in Intelligent Systems Corp by 156.69%. The impact to his portfolio due to this purchase was 0.13%. His holdings were 2,263,998 shares as of 06/30/2009.
Intelligent Systems Corporation's main focus is to help entrepreneurs build valuable companies by forming flexible partnership arrangements with early stage domestic companies. They bring value to these companies by providing practical business advice a proven incubator program early stage equity capital and a network of business and financial contacts. Intelligent Systems Corp has a market cap of $5.4 million; its shares were traded at around $1.203 with and P/S ratio of 0.4. Intelligent Systems Corp had an annual average earning growth of 3% over the past 10 years.
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